Amdocs Limited (DOX) Shares Bought by FIL Ltd

FIL Ltd lifted its holdings in shares of Amdocs Limited (NASDAQ:DOX) by 157.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,137,393 shares of the technology company’s stock after acquiring an additional 2,532,928 shares during the quarter. FIL Ltd owned 2.84% of Amdocs Limited worth $266,696,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC increased its position in shares of Amdocs Limited by 13.6% during the second quarter. FMR LLC now owns 14,342,346 shares of the technology company’s stock valued at $924,507,000 after acquiring an additional 1,722,080 shares during the last quarter. BlackRock Inc. increased its position in shares of Amdocs Limited by 1,661.3% during the first quarter. BlackRock Inc. now owns 8,715,991 shares of the technology company’s stock valued at $531,590,000 after acquiring an additional 8,221,139 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Amdocs Limited by 9.7% during the first quarter. Janus Capital Management LLC now owns 6,759,428 shares of the technology company’s stock valued at $412,250,000 after acquiring an additional 599,865 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Amdocs Limited by 6.0% during the second quarter. Wells Fargo & Company MN now owns 4,685,936 shares of the technology company’s stock valued at $302,057,000 after acquiring an additional 266,473 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Amdocs Limited by 8.2% during the first quarter. OppenheimerFunds Inc. now owns 4,451,655 shares of the technology company’s stock valued at $271,507,000 after acquiring an additional 337,655 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

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Amdocs Limited (NASDAQ:DOX) last announced its earnings results on Wednesday, August 2nd. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $967.00 million during the quarter, compared to analyst estimates of $967.04 million. Amdocs Limited had a net margin of 11.11% and a return on equity of 14.75%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.38%. Amdocs Limited’s dividend payout ratio is presently 30.66%.

A number of analysts recently commented on DOX shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $59.00 price target on shares of Amdocs Limited in a research report on Friday, June 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Amdocs Limited in a research report on Wednesday, June 28th. Zacks Investment Research downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BidaskClub downgraded Amdocs Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $70.00 price objective on shares of Amdocs Limited in a report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.50.

About Amdocs Limited

Amdocs Limited is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and services associated with business support systems (BSS), operational support systems (OSS) and network operations to enable service providers to introduce new products and services, process orders, monetize data, support new business models and enhance their understanding of their customers.

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